How long does a landlord have to return a security deposit in New York?

In New York, a landlord has 14 days after the tenancy ends to return the security deposit, together with an itemised statement of any deductions. New York also requires interest to be paid on the deposit: Buildings of six or more units must hold the deposit in an interest-bearing New York account; the owner may keep 1 % as an administrative fee. This is N.Y. Gen. Oblig. Law § 7-108(1-a).

WhatNew York
Deadline to return14 days
Itemised statement requiredYes
Interest payable to the tenantYes

Source

N.Y. Gen. Oblig. Law § 7-108(1-a) — last checked 2026-09-15.

This is a summary of a published statute, not legal advice. Rules change, local ordinances can add to them, and the terms of a specific lease may differ. Check the citation and speak to a lawyer before acting.

How Seayora uses this rule

Seayora computes the deadline this rule sets from the tenancy’s own dates, shows it on the lease and the deposit statement, and reminds the landlord before it falls due — so the answer above is not reference material sitting beside the product, it is the rule the product enforces.

Compare this rule in every state

More New York rules

The same question in other states

Related